Brown-Forman Corporation has increased its cash dividend for the 41st consecutive year. Despite a Q4 decline, the company is touted among the best alcohol stocks to buy. Jack Daniel's Tennessee Whiskey's downturn is deemed temporary. Jim Cramer has declared Brown-Forman's numbers as 'abysmal'. The parent stock of Jack Daniel's and Old Forester soared on a Thursday.
Brown-Forman released its first half fiscal 2025 results while reasserting its full-year growth outlook. The company also saw a leadership change in Europe and unveiled plans to commence their distribution business in Slovakia and Japan. The decision to purchase Diplomático Rum Brand was taken while the sale of their Sonoma-Cutrer Vineyards got completed.
Despite underperforming in the Consumer Defensive Sector, the valuation concerns of the company seem overblown making the stocks an attractive buy. The company also streamlined its operation with a job cut of 12% and tariffs.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Fri, 14 Feb 2025 16:53:00 GMT - Rating 0 - Innovation -3 - Information 7 - Rumor -2
